Bitcoin registers new all-time high inches away from $94,000

Bitcoin registers new all-time high inches away from $94,000
фото показано с : cryptoslate.com

2024-11-20 00:26

Bitcoin (BTC) reached a new all-time high of $93,970.91 on Nov. 19, roughly $500 above its previous price peak less than a week ago. BTC rose 3% over the past 24 hours.

According to CryptoSlate data, Solana (SOL) closely followed Bitcoin’s performance, with a 2.7% price increase, reaching $244 at the time of publication.

Meanwhile, Ethereum (ETH) stood still with a 0.1% drawdown in the same period, priced at $3,128.78. Notably, ETH has accumulated a negative 5% performance over the past seven days, despite its spot exchange-traded funds (ETF) net flows becoming positive recently.

Bitcoin correlations

Ki Young Ju, founder and CEO of CryptoQuant, highlighted that ETH reached a three-year low correlation with BTC, as the pair’s Pearson correlation coefficient reached 0.3 points. He added:

“Just because BTC is strong doesn’t mean you should buy ETH. Each asset is now following its own path.”

The Pearson Correlation Coefficient tracks the relation between two variables, ranging from -1 to 1. The closer the relation gets to 1 point, the more positively correlated the variables are.

On the other hand, Dogecoin (DOGE) maintains its bullish momentum, rising 10.7% daily to $0.408, its highest price since early June 2021. According to DefiLlama, DOGE’s correlation with BTC has been 0.99 over the past month.

Adding to the momentum

The new price peak comes amid boosted optimism following the start of options trading on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT).

Bloomberg senior ETF analyst Eric Balchunas pointed out that the ratio between calls and puts on IBIT’s options closed at 0.17. This ratio means much more interest in calls than puts, which is a bullish setup.

He added:

“For context, this ratio for $SPY is 1.1 and $TSLA is .59 while $TLT is .79.”

In the first hours of trading, IBIT’s options registered over $446 million in volume, which Balchunas called “a ton” for an opening trading day.

The post Bitcoin registers new all-time high inches away from $94,000 appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 96316.2 (+0.04%)
Объем 24H $47.48b
Изменеия 24h: -1.99 %, 7d: -1.28 %
Cегодня L: $94918.25 - H: $96475.65
Капитализация $1909.716b Rank 1
Цена в час новости $ 92088.26 (4.59%)

bitcoin btc all-time high new past hours

bitcoin btc → Результатов: 126


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


Фото:

El Salvador rings in Christmas 2024 with a Bitcoin twist

El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024, the country purchased an additional 11 Bitcoin (BTC), valued at over $1 million, pushing its total reserves to nearly 6,000 BTC. This comes on the […]

2024-12-24 17:26


Фото:

Bitcoin Rally Set To Extend? Expert Foresees A $110,000 Price Target For BTC

The general cryptocurrency community is brewing with excitement and optimism following Bitcoin’s rally to a new all-time high on Monday. Despite the significant price growth, there are speculations that the uptrend may not be ending anytime soon, suggesting BTC’s potential for more increases to higher levels or milestones. Next Big Milestone For Bitcoin On The […]

2024-12-17 17:30